Question 1

What is the median sold price in Bailey's Subdivision?

Accepted Answer

The median sold price in Bailey's Subdivision is $646,000 based on 3 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Bailey's Subdivision?

Accepted Answer

The average sold price in Bailey's Subdivision is $668,667. Note that the average ($668,667) is higher than the median ($646,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Bailey's Subdivision?

Accepted Answer

Home prices in Bailey's Subdivision range from $580,000 to $780,000 based on recent sales data. This $200,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Bailey's Subdivision selling above or below asking price?

Accepted Answer

On average, homes in Bailey's Subdivision are selling at 96.9% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Bailey's Subdivision?

Accepted Answer

Homes in Bailey's Subdivision are selling in an average of 29 days. This indicates a seller's market with strong demand. Well-priced homes often receive offers within the first week of listing.

Question 6

What is the price per square foot in Bailey's Subdivision?

Accepted Answer

The average price per square foot in Bailey's Subdivision is $501. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $1,002,000.

Question 7

Is Bailey's Subdivision a buyer's or seller's market?

Accepted Answer

Based on current data, Bailey's Subdivision is a balanced market. Homes are selling in 29 days on average and at 96.9% of asking price. Both buyers and sellers have reasonable negotiating positions in current conditions.

Question 8

What percentage of homes sell above asking price in Bailey's Subdivision?

Accepted Answer

In Bailey's Subdivision, 33% of homes sold above asking price, while 67% sold below asking. This indicates a competitive market where bidding wars are common.

Question 9

What size homes are selling in Bailey's Subdivision?

Accepted Answer

Homes selling in Bailey's Subdivision range from 1,024 to 1,757 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 10

How much do home prices vary in Bailey's Subdivision?

Accepted Answer

Bailey's Subdivision shows relatively consistent pricing with a standard deviation of $83,208 around the average price of $668,667. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 11

How do I find out how much a house sold for in Bailey's Subdivision?

Accepted Answer

Simply search our Bailey's Subdivision sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 12

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Bailey's Subdivision will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 13

Do you show all MLS® sold listings for Bailey's Subdivision?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Bailey's Subdivision. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Bailey's Subdivision Homes Sold in the Last 30 Days

Bailey's Subdivision Sold Data Overview

Recently Sold in Bailey's Subdivision

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Sold Data & Market Statistics for Bailey's Subdivision

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2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Bailey's Subdivision compare to Rural Strathcona County?

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